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Friday, November 4, 2011

Analyst Upgrades and Downgrades​: (EXH), (PETD), (CCOI), (RIG), (GMXR)

Howard Weil, the brokerage firm, has recently decreased the rating on Exterran Holdings (EXH). They lowered the rating from Market Outperform to Market Perform. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. The target price is currently set at $15 per share by the brokerage firm. Shares of EXH remained unchanged at $11.50. In the past year, the shares have traded as low as $8.07 and as high as $27.00. On average, 1634840 shares of EXH exchange hands on a given day and today's volume is recorded at 792440.

PDC Energy (PETD) is currently being analyzed by the brokerage firm Global Hunter Securities. They have just increased their rating from Accumulate to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $40 per share by the brokerage firm. Shares of PETD traded higher by 6.46% or $1.79/share to $29.50. In the past year, the shares have traded as low as $16.63 and as high as $49.60. On average, 487806 shares of PETD exchange hands on a given day and today's volume is recorded at 694693.

FBR Capital, the brokerage firm, has recently increased the rating on Cogent Communications (CCOI). They upped the rating from Underperform to Mkt Perform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $13 per share by the brokerage firm. Shares of CCOI traded higher by 0.5% or $0.08/share to $16.22. In the past year, the shares have traded as low as $11.04 and as high as $17.99. On average, 358655 shares of CCOI exchange hands on a given day and today's volume is recorded at 219371.

Transocean (RIG) recently had their rating changed from Sell to Reduce. Global Hunter Securities is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $46 per share by the brokerage firm. Shares of RIG traded higher by 2.2% or $1.08/share to $50.08. In the past year, the shares have traded as low as $45.90 and as high as $85.98. On average, 5708630 shares of RIG exchange hands on a given day and today's volume is recorded at 8820505.

Stifel Nicolaus, the brokerage firm, has recently decreased the rating on GMX Resources (GMXR). They lowered the rating from Hold to Sell. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of GMXR fell by 3.64% or $-0.0699/share to $1.85. In the past year, the shares have traded as low as $1.90 and as high as $6.48. On average, 1778260 shares of GMXR exchange hands on a given day and today's volume is recorded at 1432790.